Fyre festival co-founder sentenced to six years in prison

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Fyre festival co-founder sentenced to six years in prisonFyre Festival Founder Sentenced Si Years Prison

Billy McFarland, the disgraced organizer of 2017’s now infamous Fyre music festival has been sentenced to six years in federal prison. Billed as as ultra-luxe festival experience featuring names like Disclosure and Major Lazer, the ill-fated endeavor was a legal and logistical nightmare of viral proportions. The fest left defrauded investors and outraged fest-goers both clamoring angrily for their money back, with hundreds stranded on an island with everything from tent fires to packs of wild dogs.

McFarland and rapper Ja Rule’s joint dumpster fire set off a string of lawsuits and unfathomably shady business practices that culminated with McFarland’s arrest on wire fraud charges in June of of 2017. The disgraced businessman settled with the SEC for a whopping 27.4 million as part of his plea deal, which included a reduced sentence. The legend of the most epic fest fail of all time has only grown since, spawning everything from a sold out NYC merch pop up to a Hulu docuseries. The legal saga may be over, but the infamous tale of Fyre fest is sure live on.

Photo Credit: Natan Dvir

BREAKING: Fyre Fesitval Founder, Billy McFarland Sentenced To 6 Years In Federal Prison

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Fyre Festival attempted to take place almost 18 months ago now. The failed destination festival put on by Ja-Rule and Billy McFarland is best known for stranding hundreds of ticket holders on a small Bahamian island. The island which was advertised as a tropical paradise by influencers such as the Kardashians and Bella Hadid did

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Fyre Festival Promoter Billy McFarland Sentenced To 6 Years In Prison

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The promoter of a botched, highly publicized music festival in the Bahamas has been sentenced to six years in prison. More »

Fyre Festival Promoter’s Lawyer Asks For Lenient Sentence, Citing Mental Illness

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A lawyer says mental illness caused the promoter of a failed music festival to rip off investors and commit other crimes. Attorney Randall Jackson urged a Manhattan judge Friday to be lenient at Billy McFarland’s October sentencing. McFarland pleaded guilty earlier this year to defrauding investors in the 2017 Fyre Festival in the Bahamas and … More »

Fyre Festival founder Billy McFarland settles with SEC for $27.4 million

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Fyre Festival founder Billy McFarland settles with SEC for $27.4 millionBilly Mcfarland Ticket Scam Wire Fraud Grammys Coachella

The Fyre Festival shenanigans have finally come to an end as the founder and potential one-percenter island paradise provider Billy McFarland has accepted a plea to the tune of $27.4 million for the doomed disaster.

While news of McFarland’s legal battles don’t outright confirm whether or not he’ll be serving jail time, McFarland’s plea does come on the heels of him already accepting a guilty plea on two counts of wire fraud earlier this year. Essentially, the Securities and Exchange Commission (SEC) has ensured that McFarland may never serve as an officer or a director of a public company again. Part of the SEC’s latest press release reads as follows:

“McFarland induced investors to entrust him with tens of millions of dollars by fraudulently inflating key operational, financial metrics and successes of his companies, as well as his own personal success – including by giving investors a doctored brokerage account statement purporting to show personal stock holdings of over $2.5 million when, in reality, the account held shares worth under $1,500.”

McFarland and investors Margolin and Simon have all been charged with “violating the antifraud provisions of the federal securities laws,” and the three have all accepted the plea deals they have been offered.

H/T: The Verge

SEC Settles $24.7M Fraud Case Against Fyre Festival Founder Billy McFarland

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The United States Security and Exchange Commission announced Tuesday (7/24) it has settled charges against Fyre Festival founder Billy McFarland and his associates. New York entrepreneur McFarland, along with two companies he founded (Fyre Media and credit card company Magnises), a former senior executive and a former contractor were charged with fraud for misleading over … More »

Looks like XO Festival just pulled the Fyre alarm

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Looks like XO Festival just pulled the Fyre alarmLudacris Live Credit Ap

It’s like it was yesterday when the world watched droves of festival goers get dropped off on an island that was supposed to be a once-in-a-lifetime weekend experience, known as Fyre Festival. As it goes, outlandish promises of high profile influencers, a stacked line-up, and top of the line amenities, the organizers bamboozled people out of thousands of dollars for just one ticket…until they arrived at the island to find that not even one stage was set up and that their food options we’re comparable to elementary school cafeteria fare.

Well, it seems that not everyone can learn from past mistakes and this time the California rap festival known as XO Festival has gone down in fyre too. XO promised music from the likes Ludacris, T.I., Funk Flex, Biz Markie and other impressive hip-hop billings along with perks like a foam pit, indoor ice rink, color arena, and more. Ticket sales ranged from $375 to $2,495…sounding familiar yet?

The ticket holders to XO lucked out slightly compared to their Fyre counterparts considering the festival has been cancelled ahead of time. However, the festival claims they are still planning it and have turned to citing “fake media” for the festival’s ultimate failure.

The venue, Contra Costa Event Park, pulled out because of “the promoters’ lack of fulfilling contractual obligations,” many artists like Dangermaker also pulled out saying there was “no compensation for us, no contract, no details,” and it was even discovered that Ludacris was already performing at a different event that same weekend. There is also speculation that one of the promoters, known as Sami Habib, could really be the alias of Habibullah Qadir, according to Amplify, who has over 40 felonies for scamming people on high-end properties. Festival goers beware, there are more Billy McFarland’s out there and the signs aren’t always obvious.

XO Festival Cancelled Before It Became The Next Fyre Festival

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A San Francisco music festival was being labeled as the next Fyre Festival just before cancelling last minute when the venue pulled the plug. According to the reports, XO Music Festival, ran by promoter Sami Habi was scheduled to feature artists such as Ludacris, Bone Thugs-N-Harmony, and Fabolous, failed to fulfill its contractual obligations. The

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Fyre Festival founder ordered to pay two attendees $5 million

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Fyre Festival founder ordered to pay two attendees $5 millionBilly McFarland Fyre Fest Billboard 1548

More than a year after the train wreck that was Fyre Festival, Seth Crossno and co-plaintiff Mark Thompson have won their lawsuit against the disastrous event’s founder, Billy McFarland. The blogger who chronicled the vastly underdelivered Bahamian event, Crossno, and Thompson are the first festival victims to win a suit against McFarland. Their attorney Stacy Miller told Vice News, “I think there’s going to be a lot of people looking to collect, but we’ll be first.” Miller has delivered, to the tune of $5 million.

Together, the two men paid $13,000 for travel, accommodations, and luxury VIP passes. As it goes, Crossno and Thompson ended up on a storm-ridden island with disheveled tents, sandwich lunches with less dignity than prison food, and none of the “glamorous” amenities that lured high-rolling festival goers in from all over the world. According to Miller, each plaintiff was awarded $1.5 million in compensatory damages for hotels, flight, mental anguish, pain, and suffering in addition to $1 million in punitive damages.

The win came after McFarland failed to show up to court for over a year, piling on his current jail sentencing stemming from two counts of wire fraud. These new charges were brought against Ja Rule‘s “tech buddy” since the Fyre Festival incident, alleging he was still scamming people while out on bail. Old habits don’t die quick enough, it seems.

As to whether or not McFarland will be able to pay the plaintiffs, Miller seems optimistic. Despite failing to pay attorneys and crisis management groups for their services, a recent motion filed by federal prosecutors in McFarland’s criminal case suggests he has cash tucked away and makes $40,000 per month from freelance work.

Vice News also reported Crossno recently applied for the expired Fyre trademark, working on a new podcast called “Dumpster Fyre,” where he will discuss his hellish experience in depth.

H/T: Billboard, Vice

Fyre Festival’s Founder Arrested Again On Fraud Charges

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Things aren’t looking good for Fyre Festival’s promoter Billy McFarland. Last year the entrepreneur was placed under arrest after he charged exorbitant ticket prices for what turned out to be a fake luxury music festival in the Bahamas. This past Tuesday, McFarland was arrested again and charged with earning $100,000 by selling fake tickets to

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